Every memory your brain has ever produced is still there, even if most are beyond conscious access. Memories quite literally become a permanent part of you.
A lot of people mistakenly think of human memory as a sort of hard drive with limited capacity, with files being deleted to make room for new ones. It's very much not like that.
If you just mean that human memory has a finite capacity that's much larger than anyone has come close to reaching by storing the memories of a normal human lifetime, that might make sense.
Do you have any references for your statements about memory? I'm not familiar with whatever science there is in this area.
If you have questions about my comment, I'm happy to try to explain myself better
"I didn't understand you at all, so you must have meant either A or B" is not the way to reach an understanding